$XRP , the cryptocurrency tied to Ripple Labs, is designed primarily for fast and cost-efficient cross-border payments. As of today, it’s been a hot topic in the crypto space due to several developments. Price-wise, XRP has seen some volatility recently. It’s been consolidating around the $2.30–$2.50 range over the past couple of weeks, with analysts $pointing to key resistance levels near $2.70–$2.90 and support around $2.10–$2.20. Some technical analyses, like Elliott Wave patterns, suggest a potential surge to $5.85 or even higher if it breaks past resistance, though a drop to $2.10 isn’t off the table if bearish pressure kicks in.

On the news front, Ripple’s been making waves. Brazil is set to launch the world’s first XRP-based ETF, approved by their Securities and Exchange Commission (CVM), which could legitimize XRP as a mainstream investment option. In the U.S., there’s buzz around potential XRP ETFs too, with applications under SEC review, though approval odds are estimated at around 65% by some analysts. Regulatory shifts are also in play—Ripple’s legal battle with the U.S. SEC seems to be winding down in a more favorable climate under new leadership, boosting market confidence. Plus, Donald Trump’s recent Truth Social post about Ripple’s U.S. expansion sparked a 4.5% price jump, though traders on Polymarket give only a 15% chance of XRP becoming part of a U.S. crypto reserve by year-end.